Headlands Technologies LLC Buys Shares of 4,877 Sterling Infrastructure, Inc. $STRL

Key Points

• Headlands Technologies established a new position in Sterling Infrastructure, purchasing 4,877 shares valued at approximately $4.1 million. Institutional investors collectively own 80.95% of the company.
• Sterling Infrastructure reported strong quarterly results, with EPS of $5.80 exceeding estimates of $5.01 and revenue of $1.17 billion rising 90.4% year over year. The company issued fiscal 2026 EPS guidance of $19.70–$20.30.
• Analysts maintain a generally positive outlook, with seven Buy ratings and one Hold rating and an average price target of $690.33, although some firms recently reduced targets or downgraded the stock.

Headlands Technologies LLC purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,877 shares of the construction company's stock, valued at approximately $4,094,000.

Other hedge funds have also made changes to their positions in the company. Devon Energy Corp DE bought a new position in Sterling Infrastructure during the 2nd quarter worth $548,390,288,000. BlackRock Inc. bought a new stake in Sterling Infrastructure in the second quarter valued at $2,713,946,000. State Street Corp boosted its holdings in shares of Sterling Infrastructure by 62.0% during the second quarter. State Street Corp now owns 1,131,751 shares of the construction company's stock valued at $261,129,000 after acquiring an additional 433,311 shares during the period. Invesco Ltd. boosted its holdings in shares of Sterling Infrastructure by 29.8% during the third quarter. Invesco Ltd. now owns 955,387 shares of the construction company's stock valued at $324,526,000 after acquiring an additional 219,477 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Sterling Infrastructure by 27.3% during the first quarter. First Trust Advisors LP now owns 877,990 shares of the construction company's stock worth $357,579,000 after acquiring an additional 188,048 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $470.52 on Monday. The stock has a market cap of $14.39 billion, a P/E ratio of 33.92, a P/E/G ratio of 1.64 and a beta of 1.88. The firm's 50-day simple moving average is $638.53 and its 200 day simple moving average is $602.55. Sterling Infrastructure, Inc. has a fifty-two week low of $266.13 and a fifty-two week high of $1,005.68. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.19.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its earnings results on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.01 by $0.79. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a net margin of 12.55% and a return on equity of 40.12%. The business's quarterly revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Equities analysts expect that Sterling Infrastructure, Inc. will post 19.14 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on STRL. Oppenheimer initiated coverage on shares of Sterling Infrastructure in a research report on Thursday, May 28th. They issued an "outperform" rating and a $950.00 price objective on the stock. KeyCorp decreased their target price on shares of Sterling Infrastructure from $922.00 to $754.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Zacks Research lowered shares of Sterling Infrastructure from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Weiss Ratings cut Sterling Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Finally, DA Davidson started coverage on Sterling Infrastructure in a research report on Friday, August 21st. They set a "buy" rating and a $700.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Sterling Infrastructure has an average rating of "Moderate Buy" and an average target price of $690.33.

Insider Activity

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total value of $2,220,000.00. Following the completion of the transaction, the general counsel directly owned 28,137 shares in the company, valued at $24,985,656. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by company insiders.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc NASDAQ: STRL is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company's product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.

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